Allegiant Travel’s (ALGT) efforts to modernize its fleet are encouraging. The fleet size at the end of 2024 is expected to expand to 130 from 126 at 2023-end. Rising fuel costs threaten Allegiant’s bottom line. Additionally, increasing labor expenses and high capital expenditures are further impacting ALGT’s profitability. Factors Favoring ALGT ALGT's revenues soared 9% year over year in 2023, mainly driven by a robust 8.7% increase in passenger revenues, which account for 93% of total revenues. Strong traf ...